PICC Property and Casualty

It operates its insurance business through motor vehicle, commercial property, cargo, liability, accidental injury and health, agriculture, homeowners and credit.

In 2008, its premium income exceeded 100 billion yuan, making it the first property insurance company in mainland China to achieve this milestone.

By 2012, its premium income exceeded 190 billion yuan, ranking first in Asia and second among single-brand property insurance companies worldwide.

[4] In 2011, net profit grew by 51%, reaching 8.27 billion yuan, but no dividends were declared, and the results fell below expectations.

PICC Group also committed to participating in the subsidiary's rights issue plan, investing 3.999 billion yuan to fully subscribe to 930 million domestic shares.

Headquarters of the People's Property & Casualty Insurance Company of China, moved to Yintai Center in May 2010